Government claims of 7% real wage rise since in office disputed – as it happened

Katy Gallagher disputes prime minister's claims on real wage growth; nation records at least 53 Covid deaths. This blog is now closed

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National party deputy leader, David Littleproud was feeling upbeat this morning while speaking to ABC Breakfast TV:

We have achieved a lot together, in fact we have done more than any other nation in the world if you look at an economic and health front. We should be proud but we need to shift gears and make sure we look after those cost of living inflation pressures and who is best to handle that and to drive the economy and to guide the economy. I think that's where the Australian people are looking at it when the opposition won't tell them how much of their money they're going to spend, they're taking them as mugs. We got to be open and honest and transparent.

We think an upward surprise of 1% q/q growth in [today's] WPI could be enough to get the RBA over the line for 40 basis points, though if it comes in at our forecast of 0.8% q/q that prospect will recede.